..., about 99% of the policies were paid at regular intervals, i.e. non-single premiums. General business The gross and net premiums of general insurance business recorded in the first three quarters of 2018 were $40.5 billion (increased by 7.1%) and $28 billion (increased by 7.9...
https://www.ia.org.hk/english/infocenter/press_releases/20181130.html -
Date: 2018-11-30
..., of which the amount were $15.8 billion (increased by 9.4%), $9.5 billion (increased by 4.7%) and $4.4 billion (increased by 7.3%) respectively. In spite of the premium growth, the underwriting profit of direct business reduced from $445 million to $267 million (decreased by 40%). Due to the impact of...
https://www.ia.org.hk/english/infocenter/press_releases/20190315.html -
Date: 2019-03-15
... Request for accounting concession • Levy on insurance premiums from policyholders from 1.1.2018 14 Levy rates 15 Phase 1 Phase 2 Phase 3 Phase 4 1.1. 2018 to 31.3.2019 1.4. 2019 to 31.3. 2020 1.4. 2020 to 31.3. 2021 From 1.4.2021 onwards Levy rate 0.04% 0.06% 0.085% 0.1% Levy cap Life insurance $40 $60...
https://www.ia.org.hk/english/infocenter/files/Insurance_Summit_Roles_of_IA_New_regulation_landscape_for_insurance_cos.pdf -
Date: 2020-06-12
... Recommendation for Long Term Insurance Business (Including Linked Long Term Insurance). To avoid any doubt or confusion, this Guidance Note is NOT applicable to General Insurance Business or indemnity-type medical insurance wrapped under long term insurance policy. Background On 30 July 2014, the Office of the...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/1_CIB_GN12_on_Product_Recommend_Includ_LLT_v1_18_12_2014_eg19.pdf -
Date: 2019-12-20
... active adult. Market statistics have identified MPGs for other jurisdictions in Asia ranging from USD 0.6 trillion (HKD 4.7 trillion) for Singapore to USD 40.6 trillion (HKD 316.7 trillion) for Mainland China. Significant size of MPG In contrast to other financial instruments, where funds require a much...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf -
Date: 2021-12-14
... active adult. Market statistics have identified MPGs for other jurisdictions in Asia ranging from USD 0.6 trillion (HKD 4.7 trillion) for Singapore to USD 40.6 trillion (HKD 316.7 trillion) for Mainland China. Significant size of MPG In contrast to other financial instruments, where funds require a much...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf -
Date: 2022-05-24
...% 0.8% Non-Retirement Scheme Group Business 總額 13,565,513 12,954,883 4.7% 40,472 185,329 225,801 40,313 170,884 211,197 0.4% 8.5% 6.9% Total 二零一八年一月至六月臨時統計數字摘要 Summary on January - June 2018 Provisional Statistics 香港保險業務 Hong Kong Insurance Business 長期業務 (有效業務) Long Term Business (Inforce Business) 保單...
https://www.ia.org.hk/english/infocenter/press_releases/files/Summary_on_2018_2Q_Provisional_Statistics.pdf -
Date: 2021-09-03
... applicable. Orders and Regulations for Levies With effect from 1 January 2018, if a contract of insurance relates to a prescribed class of insurance business or a type of contract of insurance, a prescribed levy is payable to the IA for the contract by its policy holder....
https://www.ia.org.hk/english/legislative_framework/overview/an_overview_of_the_regulatory_framework.html -
Date: 2021-09-13
... The larger the gross floor area, the higher the premium. The older the building age (e.g. 35 years or above), the higher chance the premium will be adjusted by the insurer. Factors such as property type and the inclusion of a domestic helper also affect the premium level. For example, village houses...
https://www.ia.org.hk/english/home_insurance/index.html -
Date: 2023-04-20
... business were $40.7 billion (increased by 16.1%), made up of $34.3 billion from Individual Life and Annuity (Non-Linked) business (increased by 5.7%) and $6.3 billion from Linked business (increased by 153.2%). This positive outturn should nonetheless be viewed against a low base of comparison in 2020....
https://www.ia.org.hk/english/infocenter/press_releases/20210531_1.html -
Date: 2021-09-03